(NBR) Nabors Industries - Overview

Sector: Energy | Industry: Oil & Gas Drilling | Exchange: NYSE (USA) | Market Cap: 1.174m USD | Total Return: 204.7% in 12m

Drilling Services, Rig Equipment, Software, Technology
Total Rating 59
Safety 55
Buy Signal 0.32
Oil & Gas Drilling
Industry Rotation: -2.8
Market Cap: 1.17B
Avg Turnover: 25.9M USD
ATR: 5.30%
Peers RS (IBD): 72.2
Risk 5d forecast
Volatility55.5%
Rel. Tail Risk-3.43%
Reward TTM
Sharpe Ratio1.78
Alpha115.14
Character TTM
Beta2.241
Beta Downside3.033
Drawdowns 3y
Max DD82.22%
CAGR/Max DD-0.15
EPS (Earnings per Share) EPS (Earnings per Share) of NBR over the last years for every Quarter: "2021-03": -19.47, "2021-06": -18.25, "2021-09": -15.79, "2021-12": -14.13, "2022-03": -22.51, "2022-06": -9.41, "2022-09": -1.8, "2022-12": -7.87, "2023-03": 4.11, "2023-06": -0.31, "2023-09": -6.26, "2023-12": -2.7, "2024-03": -4.54, "2024-06": -4.29, "2024-09": -4.15, "2024-12": -6.67, "2025-03": 2.18, "2025-06": -2.71, "2025-09": 16.85, "2025-12": 0.17, "2026-03": 0,
EPS CAGR: 132.82%
EPS Trend: 39.6%
Last SUE: 0.26
Qual. Beats: 0
Revenue Revenue of NBR over the last years for every Quarter: 2021-03: 460.511, 2021-06: 489.333, 2021-09: 524.165, 2021-12: 543.539, 2022-03: 568.539, 2022-06: 630.943, 2022-09: 694.136, 2022-12: 760.148, 2023-03: 779.139, 2023-06: 767.067, 2023-09: 733.974, 2023-12: 725.801, 2024-03: 733.704, 2024-06: 734.798, 2024-09: 731.805, 2024-12: 729.819, 2025-03: 736.186, 2025-06: 832.788, 2025-09: 818.19, 2025-12: 797.529, 2026-03: null,
Rev. CAGR: 9.45%
Rev. Trend: 70.5%
Last SUE: 0.04
Qual. Beats: 0

Warnings

Share dilution 54.2% YoY - potential capital distress

Altman Z'' -0.11 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: NBR Nabors Industries

Nabors Industries Ltd. (NBR) provides drilling and related services for oil and natural gas wells globally. The company operates in the energy sector, which is characterized by cyclical demand influenced by commodity prices.

NBRs business model is segmented into U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. This diversified approach supports both direct drilling operations and the provision of advanced drilling technology and equipment.

Their offerings include tubular running services, managed pressure drilling, and proprietary drilling systems like ROCKit and SmartNAV. These technologies aim to enhance efficiency and precision in drilling operations, a key competitive factor in the drilling services industry.

Additionally, NBR manufactures and sells drilling equipment, including robotic systems and downhole tools, and provides aftermarket support. This vertical integration allows for control over equipment quality and service delivery.

For more detailed financial analysis, you may want to research NBR on ValueRay.

Headlines to Watch Out For
  • Oil and gas prices dictate drilling demand
  • U.S. land rig utilization impacts revenue
  • International drilling activity affects segment performance
  • Technology adoption drives service differentiation
  • Labor and equipment costs influence profitability
Piotroski VR‑10 (Strict) 6.5
Net Income: 262.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -0.77 > 1.0
NWC/Revenue: 17.54% < 20% (prev 14.59%; Δ 2.95% < -1%)
CFO/TA 0.14 > 3% & CFO 693.3m > Net Income 262.8m
Net Debt (1.62b) to EBITDA (1.31b): 1.24 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (14.2m) vs 12m ago 54.24% < -2%
Gross Margin: 25.00% > 18% (prev 0.41%; Δ 2.46k% > 0.5%)
Asset Turnover: 68.53% > 50% (prev 65.05%; Δ 3.48% > 0%)
Interest Coverage Ratio: 3.07 > 6 (EBITDA TTM 1.31b / Interest Expense TTM 215.4m)
Altman Z'' -0.11
A: 0.12 (Total Current Assets 1.55b - Total Current Liabilities 993.0m) / Total Assets 4.79b
B: -0.38 (Retained Earnings -1.84b / Total Assets 4.79b)
C: 0.14 (EBIT TTM 661.8m / Avg Total Assets 4.65b)
D: -0.55 (Book Value of Equity -1.85b / Total Liabilities 3.35b)
Altman-Z'' Score: -0.11 = B
Beneish M -2.88
DSRI: 0.93 (Receivables 391.7m/388.0m, Revenue 3.18b/2.93b)
GMI: 1.62 (GM 25.00% / 40.53%)
AQI: 0.44 (AQ_t 0.07 / AQ_t-1 0.15)
SGI: 1.09 (Revenue 3.18b / 2.93b)
TATA: -0.09 (NI 262.8m - CFO 693.3m) / TA 4.79b)
Beneish M-Score: -2.88 (Cap -4..+1) = A
What is the price of NBR shares? As of April 09, 2026, the stock is trading at USD 83.67 with a total of 281,249 shares traded.
Over the past week, the price has changed by +5.46%, over one month by +3.13%, over three months by +29.32% and over the past year by +204.70%.
Is NBR a buy, sell or hold? Nabors Industries has received a consensus analysts rating of 2.88. Therefor, it is recommend to hold NBR.
  • StrongBuy: 0
  • Buy: 1
  • Hold: 5
  • Sell: 2
  • StrongSell: 0
What are the forecasts/targets for the NBR price?
Analysts Target Price 71.8 -14.2%
Nabors Industries (NBR) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 4.5998
P/E Forward = 133.3333
P/S = 0.3685
P/B = 1.9869
P/EG = 2.8956
Revenue TTM = 3.18b USD
EBIT TTM = 661.8m USD
EBITDA TTM = 1.31b USD
Long Term Debt = 2.12b USD (from longTermDebt, last quarter)
Short Term Debt = 387.2m USD (from shortTermDebt, last quarter)
Debt = 2.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.62b USD (from netDebt column, last quarter)
Enterprise Value = 2.80b USD (1.17b + Debt 2.57b - CCE 940.7m)
Interest Coverage Ratio = 3.07 (Ebit TTM 661.8m / Interest Expense TTM 215.4m)
EV/FCF = -123.4x (Enterprise Value 2.80b / FCF TTM -22.7m)
FCF Yield = -0.81% (FCF TTM -22.7m / Enterprise Value 2.80b)
FCF Margin = -0.71% (FCF TTM -22.7m / Revenue TTM 3.18b)
Net Margin = 8.25% (Net Income TTM 262.8m / Revenue TTM 3.18b)
Gross Margin = 25.00% ((Revenue TTM 3.18b - Cost of Revenue TTM 2.39b) / Revenue TTM)
Gross Margin QoQ = 19.06% (prev 20.29%)
Tobins Q-Ratio = 0.58 (Enterprise Value 2.80b / Total Assets 4.79b)
Interest Expense / Debt = 1.97% (Interest Expense 50.6m / Debt 2.57b)
Taxrate = 30.45% (7.44m / 24.4m)
NOPAT = 460.3m (EBIT 661.8m * (1 - 30.45%))
Current Ratio = 1.56 (Total Current Assets 1.55b / Total Current Liabilities 993.0m)
Debt / Equity = 4.34 (Debt 2.57b / totalStockholderEquity, last quarter 590.7m)
Debt / EBITDA = 1.24 (Net Debt 1.62b / EBITDA 1.31b)
 Debt / FCF = -71.63 (negative FCF - burning cash) (Net Debt 1.62b / FCF TTM -22.7m)
 Total Stockholder Equity = 455.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.66% (Net Income 262.8m / Total Assets 4.79b)
RoE = 57.72% (Net Income TTM 262.8m / Total Stockholder Equity 455.3m)
RoCE = 25.73% (EBIT 661.8m / Capital Employed (Equity 455.3m + L.T.Debt 2.12b))
RoIC = 15.32% (NOPAT 460.3m / Invested Capital 3.01b)
WACC = 5.29% (E(1.17b)/V(3.74b) * Re(13.86%) + D(2.57b)/V(3.74b) * Rd(1.97%) * (1-Tc(0.30)))
Discount Rate = 13.86% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 24.74%
 [DCF] Fair Price = unknown (Cash Flow -22.7m)
 EPS Correlation: 39.59 | EPS CAGR: 132.8% | SUE: 0.26 | # QB: 0
Revenue Correlation: 70.51 | Revenue CAGR: 9.45% | SUE: 0.04 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-1.59 | Chg7d=-0.030 | Chg30d=-0.030 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=-5.34 | Chg7d=-0.110 | Chg30d=-0.110 | Revisions Net=-1 | Growth EPS=-130.7% | Growth Revenue=+2.8%
EPS next Year (2027-12-31): EPS=-1.69 | Chg7d=-0.040 | Chg30d=-0.040 | Revisions Net=-1 | Growth EPS=+68.5% | Growth Revenue=+4.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -7.9% (Discount Rate 13.9% - Earnings Yield 21.7%)
[Growth] Growth Spread = +4.0% (Analyst -3.9% - Implied -7.9%)
External Resources
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